Hamster Kombat, the Telegram-based game, has taken to X to clarify its relationship with Gotbit. The clarity step comes amid reviews that Hamster Kombat’s CEO changed into once arrested.
All the tactic by approach to the final 24 hours, there dangle been reviews that the CEO of HMSTR Kombat changed into once arrested and is waiting to face criminal prices in the USA. The spring of the arrest is tied to Gotbit Consulting. The United States Division of Justice has yet to clarify the arrest info, if any.
Hamster Kombat’s crew has made an announcement on the X platform pronouncing, “Expensive CEOs, we are dedicated to guaranteeing transparency all around the Hamster Ecosystem. In mild of most modern recordsdata referring to Gotbit, we desire to clarify that Hamster Kombat has never worked with Gotbit as a market maker.”
A person on X notes, “Sorry, Hamster Kombat fam, however it absolutely’s over. The disappointments this challenge has introduced dangle ensured that each these recent customers now dangle a wicked image of crypto.”
Hamster Kombat and Gotbit ties
Why the fuss? Why is there a need for clarity on collaboration? On October 9, U.S. federal prosecutors filed market manipulation and fraud prices against four crypto “market makers” and their workers. The SEC and FBI dangle been also concerned referring to the investigation. Amongst these named are Gotbit Consulting, ZM Quant Funding, and CLS World.
Gotbit is the market maker slow the so-called “meme DWF,” Bonk, and Neiro. In accordance with the DOJ, Gotbit helped these manipulated tokens to promote at artificially inflated prices to unsuspecting investors. The four companies also promoted these tokens and persuaded exchanges to diminish prices, growing earnings.
Now, Gotbit’s CEO, Aleksei Andriunin, has been arrested in Portugal. The market maker collaborated with effectively-identified brands similar to Bonk, Neiro, Hamster Kombat, and Robo Inu.
Hamster Kombat’s denial of working with Gotbit would not take a seat unbiased with the crypto neighborhood. On April 8th, 2024, Gotbit formally launched that it had begun working with HMSTR.
The announcement reads, “We’re extremely joyful to shriek a partnership with @hamster_kombat […] Gotbit Hedge Fund congratulates the challenge on reaching its first million players and is happy to be the crew’s legitimate consultant on their web3 bound.”
The crypto neighborhood has been mercurial to truth-evaluate the HMSTR crew. A person on X by the ticker Crypto Degen notes, “Too vague, and it’s as in the event you had never worked with Gotbit. In some other case, uncover us about this partnership announcement by Gotbit on April 8th, to which you had not reacted negatively.”
Effectively, the guidelines doesn’t come as a shock to some. A year ago, on-chain detective ZachXBT uncovered Gotbit’s market-making ways and warned customers to be cautious of any tasks taking part with Gotbit.
Alternatively, these reviews didn’t sway customers away. In accordance with Gotbit’s legitimate X platform, Gotbit has equipped market-making products and services for around 50 tasks this year, most of that are memes.
At its height, the firm managed property totaling $1.5 billion and made nearly $200 million in investments by approach to Gotbit Ventures. Now, Gotbit manages $1.3 billion in property and has over 400 institutional prospects.
In accordance with the DOJ, Gotbit now faces a maximum honest of $5 million, or twice the quantity of unlawful beneficial properties or losses and asset forfeiture. Besides, the CEO, who will more than seemingly be going by approach to prices, could per chance well face as a lot as twenty years in penal complex.
